Section 8 Fair Market Rent (FMR) for ZIP 80802 - 2027

Location: Cheyenne County, CO | Metro: Cheyenne County, CO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$1,000
2 Bedrooms	$1,240
3 Bedrooms	$1,620
4 Bedrooms	$1,910
5 Bedrooms	$2,216
6 Bedrooms	$2,482
7 Bedrooms	$2,681
8 Bedrooms	$2,815

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

146

Median Household Income

$48,571

Housing Units

Renter Percentage

40.0%

Occupancy Rate

83.3%

Renter Occupied

The ZIP code 80802, located in Boulder, Colorado, is characterized by its proximity to the University of Colorado Boulder and its vibrant community atmosphere. This area attracts students, faculty, and young professionals, making it a dynamic market for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Boulder metropolitan area for fiscal year 2026 is set at $1,100.
The average market rent for a two-bedroom apartment in ZIP 80802, according to the Census American Community Survey, is $1,167.
Median home value data is currently unavailable for this specific ZIP code, which can be attributed to the high concentration of renters over homeowners.
Renters make up 40.0% of the housing units in this area, indicating a strong demand for rental properties.
The median income for residents in ZIP 80802 is $48,571, suggesting that while there is a steady income base, competition for higher rents will be fierce.

Investors looking to enter the ZIP 80802 market should anticipate a robust rental demand driven by the university population and young professionals. With the Fair Market Rent slightly below the actual market rent, there's room for modest pricing increases. However, the significant renter share means competition among landlords is high. Given the median income, setting rents above $1,167 could limit occupancy rates. Overall, the area presents a stable investment opportunity, particularly for those willing to cater to student and young professional needs with well-maintained properties.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.